- Waddell & Reed's (WDR -2.5%) tough run continues as the stock couldn't take advantage of a sizable earnings beat yesterday, and today Sterne Agee throws in the towel, downgrading to Neutral from Buy. Citigroup joins in, cutting to Sell from Neutral.
- "The January numbers reflect still an outflow situation across the three distribution channels," said Chief Marketing Officer Thomas Butch on the earnings call yesterday (transcript).
- Previously: Waddell & Reed Financial beats by $0.08, beats on revenue (Feb. 3)
Waddell & Reed stung by two post-earnings downgrades
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Symbol | Last Price | % Chg |
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WDR | - | - |
Waddell & Reed Financial, Inc. |